Not a day goes by without Cubans waking up and realizing that their money is further devalued by the inflationwhile the reference currencies (Dollar and Euro) continue to become more expensive under the government of the “continuity” of Miguel Diaz-Canel.
This Friday, the US currency (USD) jumped three points, trading on the informal Cuban market at 243 Cuban pesos (CUP). The Euro, for its part, went up two steps and stood at 248 CUP.
The news, offered by the independent media The touchcomes to confirm that the Cuban peso continues to lose its value by leaps and bounds, accelerating its fall after the bancarization announced by the regime.
yes on tuesday the dollar reached the imaginary bar of 240 CUPleaving the minimum wage decreed by the “economic order” at $8.75 dollars a month, after 72 hours the national currency suffers a new fall, giving the reason to economists who criticized the bankarization process undertaken by the Cuban regime .
As a result, the minimum wage for Cubans, decreed by the “experts” of the “economic order,” falls by 10 cents in just three days, according to the black market exchange rate. If this trend continues, Cuban workers could see depreciations of around USD 1 within 30 days.
According to what is defined by the World Bank, those people who earn less than $2.15 dollars a day live in extreme poverty, that is, about 64 dollars a month.
In Cuba, those workers who receive the minimum wage established by the regime earn about seven times less than the amount established by this international institution to define extreme poverty.
This Friday, The touch He once again described the outlook for the Euro in the informal market as “unstable”. As the independent media has already explained on other occasions, the alert is activated when the exchange rate (measured in real time) varies (rises or falls) by 1% above what it had varied in the last 20 days.
The strong devaluation of the national currency occurs at a delicate financial moment in the country, after the banking of collection and payment transactions, a measure aimed at minimizing the use of cash.
The reference rate of The touch It is elaborated after analyzing all the purchase and sale announcements published on social networks and classified websites. With this result, a price is established that serves to know the values of the main currencies that circulate in the country.
